American Fusion Inc. (OTC: AMFN) announced it has obtained a default judgment from the Superior Court of Washington, King County, ordering the cancellation of 1,683,000,000 shares of common stock deemed improperly issued by prior management. The court confirmed that the underlying transactions were never consummated and are void. This action is a significant step in strengthening the company's capitalization structure as it prepares for its first quarterly filing as a fully reporting company following the February 2026 merger with Kepler Fusion Technologies.
The company has been advancing a series of governance milestones, including a PCAOB audit, Form 10 filing, and corporate name and symbol change. These steps are part of its strategy to move toward an exchange listing and commercialization of its fusion platform. The cancellation of the improperly issued shares is expected to provide a cleaner capital structure for the company as it continues to develop its fusion energy technology.
American Fusion Inc. is an advanced energy platform company focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. Following the merger, the company has changed its name and is operating under the American Fusion brand. The company's strategy centers on building a scalable, infrastructure-grade fusion energy platform supported by proprietary technology, disciplined intellectual property development, and long-term commercial deployment objectives.
Kepler Fusion Technologies is developing the Texatron aneutronic fusion platform, designed to support modular, infrastructure-grade deployment for industrial, commercial, and grid-constrained applications. The company's development strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation.
For more information about American Fusion, visit americanfusionenergy.com. Additional details about Kepler Fusion Technologies and its Texatron platform can be found at www.keplerfusion.com. The full press release is available at https://ibn.fm/1p0hW.
